Customers failing to pay the money owed to you is a risk that every business faces, and the consequences of this can be detrimental. That’s why we offer Debtor Protection; a low-cost, easy to manage facility that will protect up to 90% of the value of your invoices, giving you peace of mind.
You must sell business-to-business and on credit terms
You must have a Lloyds Bank Invoice Finance facility.
Previous two years’ turnover and turnover year to date
Any bad debt experienced in the last 3 years
Any outstanding aged debtors.
If within 30 days of the activation of your Debtor Protection facility, we are unable to offer protection on 55% of the aggregated value of the customers you apply to protect, you can cancel with a full refund.
Read the definition of terms used in Lloyds Bank Commercial Finance’s operating conditions, and details of the agreement provisions for our services.
Please note: these operating conditions do not apply to you if you manage your Invoice Discounting or Factoring facility through the Invoice Finance Online system. The operating conditions applicable to users of Invoice Finance Online are available once you have logged on to Invoice Finance Online, and will have also been provided to you separately.
Calls may be monitored or recorded in case we need to check we have carried out your instructions correctly and to help improve our quality of service.
Factoring and Invoice Discounting facilities may be provided by either Lloyds Bank Commercial Finance, Lloyds Bank plc or Bank of Scotland plc.
Lloyds Bank Commercial Finance Limited, Registered in England & Wales no. 733011. Registered Office: No1 Brookhill Way, Banbury, Oxfordshire, OX16 3EL.
Lloyds Bank plc. Registered Office: 25 Gresham Street, London EC2V 7HN. Registered in England and Wales no. 2065. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration number 119278. Bank of Scotland plc: Registered Office: The Mound, Edinburgh EH1 1YZ. Registered in Scotland No.SC327000. Authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority under registration no. 169628.
When using Asset Finance your agreement will be with a Lloyds Banking Group company whose terms and conditions will apply. The provision of credit or leasing services by us is subject to your meeting our Credit approval. Please ensure that you only apply for credit or leasing services that you can comfortably afford.